South32 Ltd. (OTCMKTS:SOUHY) Short Interest Down 43.9% in August

South32 Ltd. (OTCMKTS:SOUHY) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 57,227 shares, a drop of 43.9% from the August 15th total of 102,013 shares. Based on an average daily trading volume, of 77,873 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

South32 Price Performance

Shares of South32 stock opened at $17.56 on Tuesday. The company has a 50 day moving average price of $16.70 and a 200 day moving average price of $15.88. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.14. South32 has a 52 week low of $8.24 and a 52 week high of $19.07.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup reiterated a “buy” rating on shares of South32 in a research note on Tuesday, May 26th. Zacks Research raised shares of South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy”.

About South32

South32 Limited is a diversified mining and metals company headquartered in Perth, Australia. The company produces commodities used in energy, infrastructure, transportation and manufacturing, including alumina, aluminum, copper, manganese, silver, lead and zinc.

South32 operates and holds interests in mining, processing and refining operations across Australia, Southern Africa, South America and North America. Its portfolio has included the Worsley Alumina and Hillside aluminum operations in Australia, the Mozal aluminum smelter in Mozambique, manganese operations in Australia and South Africa, the Cannington silver-lead-zinc mine in Australia, and copper interests in Chile.